Reservoir Investor Presentation Deck

Q1 Fiscal Year 2024 Results 31% total revenue growth year-over-year ● Music Publishing revenue rose 26% year-over-year Recorded Music revenue increased 37% year-over- year $8 $16 Q1'FY23 Reiterated financial outlook for fiscal year 2024, including 6% growth for Revenue Publishing and 9% growth for Adjusted EBITDA REVENUE ($M) $11 $21 Q1'FY24 Recorded Music & Other Strengthened reputation as a well-respected caretaker of legacy assets: Catalog acquisitions of The Spinners and Greg Kihn • Acquired Saudi Arabian hip-hop label Mashrex ● Signed multiple publishing deals including Paul Cauthen Jonah Summerfield ADJUSTED EBITDA ($M) $7 Adj. EBITDA year-over- year growth of 36% Q1'FY23 $10 Q1'FY24 23 R

View entire presentation